Associated Banc-Corp (NYSE:ASB)‘s stock had its “hold” rating reiterated by research analysts at Robert W. Baird in a research report issued on Friday. They presently have a $25.00 target price on the bank’s stock. Robert W. Baird’s price objective points to a potential upside of 12.61% from the stock’s current price.

A number of other analysts also recently commented on ASB. BidaskClub upgraded shares of Associated Banc-Corp from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Royal Bank Of Canada restated a “hold” rating and set a $26.00 target price on shares of Associated Banc-Corp in a research report on Friday, July 7th. Zacks Investment Research cut shares of Associated Banc-Corp from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Morgan Stanley restated an “equal weight” rating and set a $25.00 target price (up previously from $24.00) on shares of Associated Banc-Corp in a research report on Thursday, July 6th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $26.00 target price on shares of Associated Banc-Corp in a research report on Friday, July 21st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $25.00.

Shares of Associated Banc-Corp (NYSE ASB) opened at 22.20 on Friday. The company has a market capitalization of $3.37 billion, a PE ratio of 15.97 and a beta of 1.16. Associated Banc-Corp has a 12-month low of $18.85 and a 12-month high of $26.70. The firm’s 50-day moving average price is $23.48 and its 200-day moving average price is $24.48.

Associated Banc-Corp (NYSE:ASB) last released its quarterly earnings data on Thursday, July 20th. The bank reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. The firm had revenue of $266.23 million for the quarter, compared to the consensus estimate of $273.29 million. Associated Banc-Corp had a net margin of 18.78% and a return on equity of 7.43%. During the same quarter in the previous year, the firm earned $0.31 earnings per share. On average, analysts expect that Associated Banc-Corp will post $1.43 EPS for the current fiscal year.

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In other news, insider John A. Utz sold 8,054 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $23.62, for a total value of $190,235.48. Following the completion of the transaction, the insider now owns 44,405 shares of the company’s stock, valued at $1,048,846.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Christopher C. Piotrowski sold 16,218 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $23.55, for a total transaction of $381,933.90. Following the completion of the transaction, the insider now directly owns 30,479 shares of the company’s stock, valued at approximately $717,780.45. The disclosure for this sale can be found here. In the last three months, insiders sold 38,772 shares of company stock valued at $914,334. Company insiders own 1.80% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC raised its position in Associated Banc-Corp by 61.0% in the first quarter. Acrospire Investment Management LLC now owns 4,830 shares of the bank’s stock worth $118,000 after buying an additional 1,830 shares in the last quarter. Morgan Dempsey Capital Management LLC raised its position in Associated Banc-Corp by 40.5% in the second quarter. Morgan Dempsey Capital Management LLC now owns 5,542 shares of the bank’s stock worth $140,000 after buying an additional 1,597 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Associated Banc-Corp by 10.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,931 shares of the bank’s stock worth $149,000 after buying an additional 549 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in Associated Banc-Corp by 0.5% in the first quarter. Chicago Partners Investment Group LLC now owns 6,400 shares of the bank’s stock worth $156,000 after buying an additional 30 shares in the last quarter. Finally, Flinton Capital Management LLC raised its position in Associated Banc-Corp by 73.4% in the second quarter. Flinton Capital Management LLC now owns 7,936 shares of the bank’s stock worth $200,000 after buying an additional 3,360 shares in the last quarter. 78.54% of the stock is owned by institutional investors and hedge funds.

About Associated Banc-Corp

Associated Banc-Corp is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (the Bank) and various nonbanking subsidiaries, provides a range of banking and non-banking products and services to individuals. The Company operates through three segments: Corporate and Commercial Specialty; Community, Consumer, and Business, and Risk Management and Shared Services.

Analyst Recommendations for Associated Banc-Corp (NYSE:ASB)

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